Insulated Wire in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $2.54B in Insulated Wire, making it the 16th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 22nd most exported product in Spain. The main destination of Insulated Wire exports from Spain are: France ($613M), Portugal ($235M), Morocco ($221M), Italy ($192M), and Germany ($158M).

The fastest growing export markets for Insulated Wire of Spain between 2021 and 2022 were Germany ($28.1M), Denmark ($12.4M), and Netherlands ($9.89M).

Imports In 2022, Spain imported $3.18B in Insulated Wire, becoming the 12th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 15th most imported product in Spain. Spain imports Insulated Wire primarily from: Morocco ($1.55B), China ($234M), Germany ($220M), France ($194M), and Portugal ($132M).

The fastest growing import markets in Insulated Wire for Spain between 2021 and 2022 were Morocco ($146M), Portugal ($45.6M), and Belgium ($21.4M).

COMPANIES In 2023, leading companies such as VESTAS NACELLES AMERICA INC. (19) and HARDINGER (EAST) WAREHOUSE (4) were at the forefront of shipping Insulated Wire from Spain to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Spain's Insulated Wire exports accounted up to €218M and imports accounted up to €331M, resulting in a negative trade balance of €113M. Between January 2023 and January 2024 the exports of Spain's Insulated Wire have decreased by €-5.13M (-2.3%) from €223M to €218M, while imports increased by €33.4M (11.2%) from €297M to €331M.

Destinations In January 2024, Insulated Wire were exported mostly to France (€54.4M), Portugal (€21.8M), Germany (€20.8M), Morocco (€20.5M), and Slovakia (€13.6M), and were imported mostly from Morocco (€169M), France (€30.2M), Netherlands (€27.5M), China (€19M), and Germany (€15.9M).

Growth In January 2024, the decrease in Insulated Wire's year-by-year exports was explained primarily by a decrease in exports to Senegal (€-802k or -95.4%), China (€-622k or -66.2%), and Algeria (€-514k or -94.9%). In January 2024, the increase in Insulated Wire's year-by-year imports was explained primarily by an increase in imports from Morocco (€34.3M or 26.1%), France (€17.3M or 201%), and Turkey (€3.03M or 132%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-5.13M(-2.3%)

IMPORT GROWTH (January 2023 - January 2024)€33.4M(11.2%)

MAIN EXPORTER (January 2024)Barcelona€61.8M

MAIN DESTINATION (January 2024)France€54.4M

This section shows Insulated Wire's exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Insulated Wire over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$2.54B

IMPORTS (2022)$3.18B

NET TRADE (2022)-$633M

In 2022, Spain exported $2.54B in Insulated Wire. The main destinations of Spain exports on Insulated Wire were France ($613M), Portugal ($235M), Morocco ($221M), Italy ($192M), and Germany ($158M).

In 2022, Spain imported $3.18B in Insulated Wire, mainly from Morocco ($1.55B), China ($234M), Germany ($220M), France ($194M), and Portugal ($132M).

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